MrAnd MrsPointer Each Contributed $1,800 to Their Traditional IRAs

question 14

Multiple Choice

Mr.and Mrs.Pointer each contributed $1,800 to their traditional IRAs.Each spouse actively participates in an employer-sponsored qualified retirement plan.Compute the deductible IRA contribution on their joint return if their AGI before such deduction is $109,970.

• A)$3,600
• B)$1,975
• C)$1,625
• D)$0

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Definitions:

Upton Sinclair

An American writer and social activist, famous for his novel "The Jungle" which exposed the harsh conditions of the U.S. meatpacking industry, leading to significant food safety reforms.

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